Throughout the hour. Other news, google, bright spot in todays tape. Not everybody is happy about the tech giants restructuring and changing the Holding Companys name to alphabet. We have someone who says these actions will come at the shareholders expense. He happens to be one of those shareholders and hell explain what hes talking about, coming up. As those shares still up 4 . A rare green spot in the session today. Yes. Cyber security meets insider trading. We have the details on charges against nine people allegedly involved in a multimillion dollar hacking scheme, coming up as well. That is huge. That is a huge case. We start first with the chinese currency being devalued by nearly 2 officially. The markets have done otherwise. That move from the peoples bank of china sparking todays global selloff of ek quities and commodities. Mark chandler, welcome to you. Walk us through the impact how will this cascade throughout the Global Financial system . A lot of uncertainty. We make a d
Yes. We havent run this business well those straight answers from General Electric ceo helping a big stock turnaround today welcome to the closing bell, everybody, im kelly evans at the new York Stock Exchange. Clearly a new sheriff is in town, that is for sure im Bill Griffeth. Well have more of that interview with the brand new chairman and ce o of ge, John Flannery and an analyst who says we could be approaching a bottom for the stock. It was down, what was it 8 this morning after those earnings. Down a huge amount. Started coming back. Then especially when davids interview was going on there live on cnbc, stock really did come back at that point. G, e shares now positive theres the Home Builders up more than 1 theres a new emerging trend among millennial home buyers that could prove to be a little bit of a risk to this market, would you say . Wouldnt you think . Well ask bill if hed do Something Like this for his kids anyway. Lets start with todays big rally, up 131 points on the d
A risk off rally. Spies on wall street. Foreign Intelligence Services penetrating our financial institutions. We will tell you what well tell you here this hour will shock you, and its a cnbc exclusive you wont find wraen where else. Lets go over to sue. Who is here at hq. Indeed i am ty. Stocks are posting modest gains following that upbeat jobs report. The dow up for a fifth day on track for its best weekly gains since december of 2011. The dow, the s p 500, and the nasdaq now all in positive territory for 2015. You can see the green right there. What a week for oil. Crude on track for its second week of gains. Wti and brent ice brent continue to rally today, and yields on the tenyear note rising. Gold is telling off. Lets go to bob pasani from the floor of the nyse. Hey, bob. You know you would think with a report that we had this morning where we had an excellent jobs report and excellent wage growth the stock market would be enthusiastic. Its not really happening. Were really even
Millions of retired Americans are going back to work in gig economy jobs, like driving for Uber, to make ends meet and supplement their Social Security.